Who is buying Air India?

Is Air India purchased by Tata?

On Monday, the central government signed a share purchase agreement with Tata Sons for sale of Air India for Rs 18,000 crore. The government on Monday signed a share purchase agreement with Tata Sons for sale of national carrier Air India for Rs 18,000 crore.

Which company of Tata will buy Air India?

Tata group has emerged as the successful bidder of the divestment process of the national carrier Air India. The Tata group’s holding company, Tata Sons through its wholly-owned subsidiary Talace Pvt Ltd submitted a winning bid of Rs 18,000 Crore as the Enterprise Value of Air India.

Who will pay Air India debt?

As on August 31, Air India had a total debt of ₹61,562 crore. About 75 per cent of this debt or ₹46,262 crore will be transferred to a special purpose vehicle AIAHL before handing over the loss-making airline to the Tata Group.

Who is the owner of Tata Sons?

Will Tata change Air India name?

Tata Sons will own Air India as it won the bid for ₹18,000 crore, the finance ministry announced on Friday. The total handover process involves many nuances and here is all you need to know. 1. The handover process will be completed by December 2021.

Which airline is owned by Tata?

Tata has Vistara, a joint venture with Singapore Airlines Ltd. for full-service domestic and international flights. They also have a majority stake in a no-frills carrier with Malaysian entrepreneur Tony Fernandes’s Air Asia Group.

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